Permitted Additions. In addition to its obligation under paragraph (b), Transferor may, but shall not be obligated to, from time to time designate Supplemental Accounts or Participation Interests to be included as Trust Assets, in either case as of the applicable Addition Date, so long as after giving effect to such addition no more than 20% of the Receivables, by outstanding balance, will be 30 or more days delinquent.
Appears in 3 contracts
Samples: Transfer Agreement (Bread Financial Holdings, Inc.), Transfer and Servicing Agreement, Transfer and Servicing Agreement (Alliance Data Systems Corp)
Permitted Additions. In addition to its obligation under paragraph PARAGRAPH (b), Transferor may, but shall not be obligated to, from time to time designate Supplemental Accounts or Participation Interests to be included as Trust Assets, in either case as of the applicable Addition Date, so long as after giving effect to such addition no more than 20% of the Receivables, Receivables by outstanding balance, will be 30 or more days delinquent.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust), Pooling and Servicing Agreement (World Financial Network Credit Card Master Trust)
